Geospace Technologies (Geospace Technologies) Interest Expense : $-0.2 Mil (TTM As of Dec. 2023)

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What is Geospace Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Geospace Technologies's interest expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Geospace Technologies's Operating Income for the three months ended in Dec. 2023 was $ 12.8 Mil. Geospace Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Geospace Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 229.23. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Geospace Technologies Interest Expense Historical Data

The historical data trend for Geospace Technologies's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Geospace Technologies Interest Expense Chart

Geospace Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.10

-0.04

-0.07

-0.13

Geospace Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.04	-0.02	-0.03	-0.06

Geospace Technologies Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.2 Mil.

Geospace Technologies (NAS:GEOS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Geospace Technologies's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.4 Mil.

Geospace Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.837	/	-0.056
	=	229.23

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Geospace Technologies Corp has enough cash to cover all of its debt. Its financial situation is stable.

Geospace Technologies (Geospace Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Geospace Technologies Corp (NAS:GEOS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

7007 Pinemont Drive, Houston, TX, USA, 77040-6601

Website

https://www.geospace.com

Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Canada, Europe, South America and others with more than half of revenue generated within the United States.

Executives

Gary D Owens	director, officer: President & CEO	7007 PINEMONT DRIVE, HOUSTON TX 77040
Walter R. Wheeler	officer: Executive Vice President	7007 PINEMONT DRIVE, HOUSTON TX 77040
Robbin B. Adams	officer: Executive Vice President	7007 PINEMONT DRIVE, HOUSTON TX 77040
Margaret Ashworth	director	6212 PARKHILL DRIVE, ALEXANDRIA VA 22312
Kenneth Asbury	director	1100 N. GLEBE ROAD, ARLINGTON VA 22201
Tina M Langtry	director	3211 CANYON LINKS DRIVE, KATY TX 77450
Thomas L Davis	director	COLORADO SCHOOL OF MINES-DEPT. OF GEOPHY, 1500 ILLINOISE STREET, GOLDEN CO 80401-1887
William H Moody	director	2309 BIRKDALE LANE, KERRVILLE TX 78028
Richard F Miles	director	7007 PINEMONT DRIVE, HOUSTON TX 77040
Robert L. Curda	officer: Chief Financial Officer	7007 PINEMONT, HOUSTON TX 77040
Giesinger Edgar R. Jr.	director	1915 SANDGATE FALLS, HOUSTON TX 77062
Lacey Rice	officer: Vice President	2527 BUFFALO TRAIL, SUGAR LAND TX 77479
Thomas T Mcentire	officer: Chief Financial Officer	7334 N GESSNER ROAD, HOUSTON TX 77040
Michael J Sheen	director, officer: SVP & Chief Technical Officer	7007 PINEMONT DRIVE, HOUSTON TX 77040
Takashi Kanemori	director, 10 percent owner	OYO CORPORATION, 2-6 KUDAN-KITA 4-CHOME, CHIYODA-KU, TOKYO M0 102-0073